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New North, Inc. has established a microgrant fund, in partnership with The Business Council (TBC) and The Ethnic & Diverse Business Coalition (EDBC) to provide funding for organizations that support ethnic and diverse businesses in their startup or growth phase. Organizations in the New North region were awarded grants up to $20,000 for events taking place by December 31st, 2023.
New North microgrant fund makes awards to 20 non-profit organizations
Grants totaling $110,000 will assist ethnic and small business owners, entrepreneurs
NEW NORTH, June 26, 2023 – Twenty non-profit organizations within the New North region this week received awards totaling $110,000 from a microgrant fund designed to support ethnic and diverse businesses in their startup or growth phase. The fund was established earlier this year by New North Inc. in partnership with The Business Council (TBC) and the Ethnic & Diverse Business Coalition (EDBC).
“After careful evaluation and consideration of submitted applications, we are grateful to be able to provide meaningful support to so many organizations across the New North region,” says Juan Corpus, vice president of diversity, equity & inclusion for New North Inc. “Funding recipients aligned with our mission and criteria, and we believe their events and/or initiatives will make a significant impact in their respective communities.”
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